XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Consolidated Statements Of Operations    
Revenue
Cost of revenues
Gross profit
Operating expenses    
Payroll and related expenses $ 220,231 $ 214,925
Consulting 1,212,890 130,423
Professional fees 111,345 147,860
Research and development 12,767 299,645
General and administrative 463,027 489,277
Total operating expenses 2,020,260 1,282,130
Operating loss (2,020,260) (1,282,130)
Other income (expense):    
Interest expense, net (371,243) $ (1,958)
Change in fair value of derivative liability (146,878)
Net loss (2,538,381) $ (1,284,088)
Less: Noncontrolling interest in net loss (3,580) (5,652)
Net loss to shareholders $ (2,534,801) $ (1,278,436)
Net loss per common share: Basic and diluted $ (0.04) $ (0.02)
Weighted average common shares outstanding: Basic and diluted 67,276,998 61,583,086